Dollar General - 8800 Schaefer Highway, Detroit, MI 48228
Dollar General | 7.60% CAP | 9,900 Sq Ft
Marketing description
Dollar General has occupied this built-to-suit 9,900-square-foot building since 2014. The initial 10-year base term was followed by 4 (5) one-year options, each with a 10% rent increase. In May 2026, Dollar General exercised their second five-year option two years prior to their scheduled renewal period which shows strong commitment to the store. The lease holds the landlord responsible for the roof, structure and any exterior portions of the building and parking lot. Dollar General is responsible for the complete HVAC replacement, repairs and maintenance. Dollar General contributes $600/month to the landlord for landscaping, lawn maintenance, fencing maintenance, snow and ice removal and parking lot maintenance. The landlord is responsible for the tax bill and Dollar General reimburses the total bill within 30 days of request.
Investment highlights
- Single Tenant Freestanding Dollar General in Detroit, MI
- Absolute NNN Lease Structure With Zero (0) Landlord Responsibilities
- Detroit, MI MSA - TOP 15 - Ranked (#14) in the U.S.A. Dollar General Delivered Strong Fiscal 2025 Results, With Net Sales Increasing 5.2% to $42.7 Billion and Net Income Rising 34.4% to $1.5 Billion
- Dollar General Operates Approximately 20,959 Stores Across the U.S. and Mexico, Opened 589 New Stores in 2025, and Expects Approximately 4,730 Real Estate Projects in 2026
- Ranked #109 on the Fortune 500, Dollar General Remains One of the Nation's Largest and Fastest-Growing Discount Retailers
- Dense Demographics – 20,500+ People Reside Within 1 Mile Radius of Site – 174,200+ People Reside Within 3 Mile Radius of Site – 32,000+ Daytime Employees Within 3 Mile Radius of Site
- Dollar General Contributes $600/Month for Parking Lot Maintenance (Subject to Annual Reconciliation)
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